The invention discloses an online monitoring system for a modeling based on a physical communication medium of a process level. The online monitoring system comprises an SCD (Security Coding Device) import module, a model analysis module, a graphics and model mapping module, a network communication module and a graph display module, wherein the defects of an IEC 61850 standard model can be supplemented by modeling the physical communication medium (a switchboard, an optical cable, a connecting pressing plate, etc.) of the process level, and a process level switchboard, a connecting optical cable, a pressing plate and other models can be improved. By adopting a graphics and model mapping technology on this basis, the visual online monitoring of a second system can be realized, the application of 'graphics are fit well with the actual situation' of the secondary system based on the model can be realized, the operation and maintenance object can be ensured to have model characteristics, the observability and controllability of the secondary system of an intelligent substation can be improved, and a good foundation can be laid for the expansion of all high application of the intelligent power grid.